Meaning of “balance of trade” in the English Dictionary


"balance of trade" in Business English

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balance of tradenoun [ singular ]

uk us also trade balance, also visible balance

ECONOMICS the difference between the money that a country receives from exports and the money it spends on imports:

Official figures yesterday showed the balance of trade in goods plunged to a record deficit.
adverse/favourable balance of trade

(Definition of “balance of trade” from the Cambridge Business English Dictionary © Cambridge University Press)